'The co-authors of this volume are pioneers in the development of 'history-friendly models' of the evolution of knowledge-intensive industries. This book extends and elaborates that work, enriching our understanding of the development of the computer, semiconductor, and pharmaceuticals industries. The volume is a major contribution to economics, strategy, and policy.' David C. Mowery, William A. and Betty H. Hasler Professor of New Enterprise, Emeritus, University of California, Berkeley
1. Innovation and industrial evolution; 2. History-friendly models: methods and fundamentals; 3. The US computer industry and the dynamics of concentration; 4. Vertical integration and dis-integration in the computer industry; 5. The pharmaceutical industry and the role of demand; 6. Reprise and conclusions.